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Sotheby's & Christie's Parlay High-End Wine Auctioning With Online Retailing [Forbes]

SOTHEBYS (BID)  More Company Research Source: Forbes
Last sothebys earnings: 8/6 07:00 am Check Earnings Report
US:NYSE Investor Relations: investor.shareholder.com/bid
PDF Thomas Pellechia Contributor i Jul 13, 2018, 10:11am #WineAndDine Tweet This Photo by ROMAIN LAFABREGUE/AFP/Getty Images) The famed wine auction house and retailer, Sotheby’s recently introduced “Instant Cellars,” a simplified concept to give buyers in the US and Hong Kong a crack at investment wine collections but also wines for drinking and cellaring—at a potential 10% discount. There are starter packs that range from an introductory cellar to an intermediate cellar, for those “who want to enjoy and appreciate excellent wine which is typical of its region.” There’s an enjoyment collection for those who “frequently select bottles from your cellar for drinking in a variety of occasions,” and an investment collection of wines for their “potential to increase in value.” Each of the Instant Cellars available provide a separate wine selection and price, and each selection comes wit [Read more]

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